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Office towers that once sold for hundreds of millions of dollars are now changing hands at discounts of 70%, 80%, even 90% across major U.S. cities, as higher interest rates and remote work reshape demand for downtown space.Few places illustrate the shift more starkly than Chicago. There, the markdowns span every era of development, according to figures first tweeted out by Nightingale Associates.A century-old office building in the city’s historic […]

The massive AI summit in India this week looked, on the surface, like a familiar spectacle: world leaders and technology executives converging in New Delhi, headline-grabbing investment numbers, and carefully worded joint statements. It was the largest global AI summit to date, and the first hosted in the Global South.I was on the ground through the summit’s closed-door sessions, bilateral events, and formal signings. While most coverage focused on press […]

Thousands of flights have been canceled in the U.S. as communities in the Northeast rush to prepare for an intense blizzard that forecasters say will arrive on Sunday.The total number of disrupted flights reached more than 7,000 as of 6 a.m., with 6,456 U.S. flights canceled and an additional 547 U.S. flights delayed so far through Tuesday.Jetblue, American Airlines, Delta, Southwest and United have announced they will waive change and cancellation fees […]